Report Scope:
This report aims to provide a comprehensive study of the global market for ICU equipment. It describes the different types of ICU equipment (continuous patient monitors, mechanical ventilators, infusion pump and ICU beds) and their current and historical market revenues. This report does not include other medical devices used in hospitals, and market sizing is restricted to the product types mentioned above.
An in-depth analysis of the global ICU equipment market includes historical data and market projection on sales by product type, end user and region. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors and their respective market ranks. The report also discusses technological, regulatory and economic trends that are affecting the market.
Report Includes:
- 83 tables
- An overview of the global intensive care unit (ICU) equipment market within the healthcare industry
- Estimation of the market size and analyses of market trends, with data from 2019-2021 with projections of compound annual growth rates (CAGRs) through 2026
- Identification of major market drivers, opportunities and challenges, industry chain structure, distribution channel, macroeconomic trends, and technological advancements that are affecting the overall ICU equipment marketplace
- Information about critical care services provided for ICU, requirement for research, education, and quality improvement, and classification, levels and equipment used for intensive care units
- Insights into changing regulatory landscape, coverage and reimbursement issues, and pricing pressure for ICU
- Detailed description of infusion pumps, smart infusion pump, and mechanical ventilators, their modes and types, and discussion on potential complications caused by ventilators
- Assessment of market potential and revenue forecast (in dollar value terms) for these critical care equipment based on product type, end user application and geographic region
- Competitive landscape of the global market, market share analysis of leading companies encompassing their successful marketing strategies, key contribution, and recent developments
- Descriptive company profiles of the major global medical equipment manufacturers and suppliers including Baxter, BD Medical, Cardinal, Drägerwerk, GE Healthcare, Medtronic, ResMed Inc., and Stryker Corp.
Summary:
Intensive care, also known as critical care, is a multidisciplinary and interprofessional discipline dedicated to the systematic treatment of patients with acute, life-threatening organ dysfunctions, or at risk of developing it. Patients in ICU have the highest need for monitoring and treatment in the hospital, and they often have comorbidities. Thus, for treatment and/or life support, these patients are connected to several advanced equipment. They involve patient care such as ventilation, respiratory care, cardiac monitoring and multiparameter patient monitoring.
The global market for ICU equipment was valued at $REDACTED in 2020, an increase of REDACTED over 2019. ICU equipment were in high demand in 2020, when the COVID-19 pandemic first hit. As the number of COVID-19 cases surged through 2020, demand for ICU equipment increased manifold, fueled by hospital orders across the globe. In late 2020, the demand for ICU equipment started normalizing from 2020's coronavirus-driven spike and returned to pre-pandemic levels by the end of 2021. The ICU equipment market is projected to reach $REDACTED in 2026, growing at a CAGR of REDACTED through the forecast period.
The global ICU equipment market is expected to continue growing at significant rate driven by macro trends relating to growing and aging populations, increasing chronic and lifestyle-related diseases and accelerating demand for critical care in emerging markets. Today's ICUs are under tremendous pressure to achieve better outcomes at lower cost, while dealing with a serious shortage of intensivists and ICU nurses. There is growing demand for medical equipment that support improved patient outcomes, reduce infection rates, and shorten the length of stay in the ICU.
Intensive Care Unit (ICU) Equipment: Global Markets
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Scope of Report
Methodology and Information Sources
What's New in This Update?
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Summary
Key Highlights
Chapter 3 Market and Technology Background
Intensive Care
Intensive Care Unit
Physical Space
Support and Monitoring Technology
Critical Care Services Provided
Research, Education and Quality Improvement
Classification of Intensive Care Units
Levels
Equipment Used in Intensive Care Units
Chapter 4 Market Dynamics
Market Drivers
Growing and Aging Population
Greater Incidence of Non-communicable/Chronic Diseases
Increasing Number of Global Surgeries
Greater Incidence of Accidents
Growing Demand for Advanced ICU Equipment
Rising Demand in Emerging Markets
Market Restraints
Changing Regulatory Landscape
Coverage and Reimbursement Issues
Pricing Pressure
High Cost of ICU Equipment
Shortage of Intensivist/Critical Care Professionals
Key Market Trends
Internet of Things (IoT)
Integration of Artificial Intelligence (AI) Capabilities in Equipment
Growing Focus on Managing Cybersecurity Risks
Decarbonization
Porter's Five Forces Analysis
Chapter 5 Market Breakdown by Product Type
Overview
Continuous Patient Monitors
Commonly Measured Physiological Parameters
Mechanical Ventilators
Ventilation Modes
Main Types of Ventilators
Potential Complications Caused by Ventilators
Infusion Pumps
Smart Infusion Pump
ICU Beds
Smart Beds
Market Revenue by Product Type
Market Analysis
Continuous Patient Monitors
Mechanical Ventilators
Infusion Pumps
ICU Beds
Chapter 6 Market Breakdown by Region
Overview
Global Market for ICU Equipment by Region
North America
Europe
Asia-Pacific
Rest of the World
Chapter 7 Market Breakdown by End User
Overview
Global Market for ICU Equipment by End User
Regional Markets for Hospitals and Surgery Centers
Chapter 8 Regulatory Structure and New Product Approvals
Medical Device Regulations for Selected Countries
United States
FDA Approvals, by Product Type
Canada
European Union
Japan
China
Chapter 9 Impact of COVID-19
Overview
Impact on the Market for Mechanical Ventilators
Impact on the Market for Continuous Patient Monitors
Impact on the Market for Infusion Pumps
Impact on the Market for ICU Beds
Conclusion
Chapter 10 Competitive Landscape
Overview
Continuous Patient Monitors
Global Company Ranking
Selected Popular Products
Mechanical Ventilators
Global Company Ranking
Selected Popular Products
Infusion Pumps
Global Company Ranking
Selected Popular Products
ICU Beds
Global Company Ranking
Selected Popular Products
Chapter 11 Company Profiles
BAXTER INTERNATIONAL INC.
BECTON DICKSON AND CO.
B. BRAUN MELSUNGEN AG
CARDINAL HEALTH
DRÄGERWERK AG & CO. KGAA
FRESENIUS KABI AG
GE HEALTHCARE
GETINGE AB
HAMILTON MEDICAL AG
HILL-ROM HOLDINGS INC.
ICU MEDICAL INC.
KONINKLIJKE PHILIPS N.V.
MEDTRONIC PLC
NIHON KOHDEN CORP.
PARAMOUNT BED HOLDINGS CO. LTD.
RESMED INC.
SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.
SPACELABS HEALTHCARE
STRYKER CORP.
Chapter 12 Appendix: List of Acronyms
List of Tables
Summary Table : Global Market for ICU Equipment, by Product Type, Through 2026
Table 1 : Definitions of ICU, by Organization/Author
Table 2 : Number and Distribution of Persons Aged 60+, by Region, 2019 and 2050
Table 3 : Key Market Trends
Table 4 : Porter's Five Forces Analysis of ICU Equipment Industry
Table 5 : Global Market for ICU Equipment, by Product Type, Through 2026
Table 6 : Selected Network and Communication Systems for Continuous Patient Monitors
Table 7 : Selected Smart Infusion Pumps with Infusion Safety Management Software
Table 8 : Global Market for ICU Equipment, by Region, Through 2026
Table 9 : North American Market for ICU Equipment, by Country, Through 2026
Table 10 : North American Market for ICU Equipment, by Product Type, Through 2026
Table 11 : Healthcare Statistics for the U.S., 2020
Table 12 : Critical Care Workforce Statistics in the U.S., 2020
Table 13 : Healthcare Statistics for Canada, 2019
Table 14 : European Market for ICU Equipment, by Country, Through 2026
Table 15 : European Market for ICU Equipment, by Product Type, Through 2026
Table 16 : Healthcare Statistics for Germany, 2020
Table 17 : Healthcare Statistics for France, 2019
Table 18 : Healthcare Statistics for U.K., 2020
Table 19 : Healthcare Statistics for Italy, 2020
Table 20 : Demographic and Healthcare Statistics for Selected European Countries
Table 21 : Asia-Pacific Market for ICU Equipment, by Country, Through 2026
Table 22 : Asia-Pacific Market for ICU Equipment, by Product Type, Through 2026
Table 23 : Healthcare Statistics for China, 2019
Table 24 : Healthcare Statistics for Japan, 2019
Table 25 : RoW Market for ICU Equipment, by Subregion, Through 2026
Table 26 : RoW Market for ICU Equipment, by Product Type, Through 2026
Table 27 : Global Market for ICU Equipment, by End User, Through 2026
Table 28 : North American Market for ICU Equipment, by End User, Through 2026
Table 29 : European Market for ICU Equipment, by End User, Through 2026
Table 30 : Asia-Pacific Market for ICU Equipment, by End User, Through 2026
Table 31 : RoW Market for ICU Equipment, by End User, Through 2026
Table 32 : 510 (K) Approvals for Continuous Patient Monitors, January 2018 to January 2022
Table 33 : 510 (K) Approvals for Intensive Care Ventilators, January 2018 to December 2021
Table 34 : 510 (K) Approvals for Infusion Pumps, January 2018-December 2021
Table 35 : Pharmaceutical Affairs Law and Japanese Medical Devices Nomenclature and Related Codes
Table 36 : Total Number of COVID-19 Confirmed Cases and Deaths Globally, by Region, as of Dec. 31, 2021
Table 37 : COVID-19 Confirmed Cases and Deaths Globally, by Select Country, as of Dec. 31, 2021
Table 38 : Impact of COVID-19 on the Global Market for ICU Equipment, by Product Type, 2019-2021
Table 39 : Global Market Rankings in Continuous Patient Monitors, by Manufacturer, 2020
Table 40 : Selected Popular Continuous Patient Monitors
Table 41 : Global Market Rankings in Mechanical Ventilators, by Manufacturer, 2020
Table 42 : Selected Popular Critical Care Ventilators
Table 43 : Global Market Rankings in the Infusion Pump Products Segment, by Manufacturer, 2020
Table 44 : Selected Popular Critical Care Infusion Pumps
Table 45 : Global Market Rankings in the ICU Beds Products Segment, by Manufacturer, 2020
Table 46 : Selected Popular ICU Beds
Table 47 : Baxter: ICU Equipment Portfolio
Table 48 : Baxter: Selected Recent Developments, January 2019-December 2021
Table 49 : BD: ICU Equipment Portfolio
Table 50 : B. Braun: ICU Equipment Portfolio
Table 51 : B. Braun: Selected Recent Developments, January 2019-December 2021
Table 52 : Cardinal Health: ICU Equipment Portfolio
Table 53 : Drägerwerk: ICU Equipment Portfolio
Table 54 : Drägerwerk: Selected Recent Developments, January 2019-December 2021
Table 55 : Fresenius Kabi: ICU Equipment Portfolio
Table 56 : Fresenius Kabi: Selected Recent Developments, January 2019-December 2021
Table 57 : GE Healthcare: ICU Equipment Portfolio
Table 58 : GE Healthcare: Selected Recent Developments, January 2019-December 2021
Table 59 : Getinge AB: ICU Equipment Portfolio
Table 60 : Getinge AB: Selected Recent Developments, January 2019-December 2021
Table 61 : Hamilton Medical AG: ICU Equipment Portfolio
Table 62 : Hamilton Medical AG: Selected Recent Developments, January 2019-December 2021
Table 63 : Hill-Rom Holdings Inc.: ICU Equipment Portfolio
Table 64 : Hill-Rom Holdings Inc.: Selected Recent Developments, January 2019-December 2021
Table 65 : ICU Medical Inc.: ICU Equipment Portfolio
Table 66 : ICU Medical Inc.: Selected Recent Developments, January 2019-December 2021
Table 67 : Koninklijke Philips N.V.: ICU Equipment Portfolio
Table 68 : Koninklijke Philips N.V.: Selected Recent Developments, January 2019-December 2021
Table 69 : Medtronic: ICU Equipment Portfolio
Table 70 : Medtronic: Selected Recent Developments, January 2019-December 2021
Table 71 : Nihon Kohden Corp.: ICU Equipment Portfolio
Table 72 : Nihon Kohden Corp.: Selected Recent Developments, January 2019-December 2021
Table 73 : Paramount Bed: ICU Equipment Portfolio
Table 74 : Paramount Bed: Selected Recent Developments, January 2019-December 2021
Table 75 : ResMed Inc.: ICU Equipment Portfolio
Table 76 : ResMed Inc.: Selected Recent Developments, January 2019-December 2021
Table 77 : Mindray: ICU Equipment Portfolio
Table 78 : Mindray: Selected Recent Developments, January 2019-December 2021
Table 79 : Spacelabs Healthcare: ICU Equipment Portfolio
Table 80 : Spacelabs Healthcare: Selected Recent Developments, January 2019-December 2021
Table 81 : Stryker Corp.: ICU Equipment Portfolio
Table 82 : Stryker Corp.: Recent Developments, January 2019-December 2021
Table 83 : Acronyms Used in This Report
List of Figures
Summary Figure : Global Market for ICU Equipment, by Product Type, 2019-2026
Figure 1 : Global ICU Beds Capacity, by Selected Countries, 2020 or Nearest Year
Figure 2 : Global Geriatric Population (Aged 65 Years and Above), 2014-2022
Figure 3 : Key Economies' Share of World GDP in PPP Terms
Figure 4 : IOT Enable Data Integration
Figure 5 : Advantages of IOT-Enabled Medical Devices
Figure 6 : Trends in ICU Environment
Figure 7 : Global Market for ICU Equipment, by Product Type, 2019-2026
Figure 8 : Global Market Shares of ICU Equipment, by Product Type, 2020
Figure 9 : Global Market for ICU Equipment, by Region, 2019-2026
Figure 10 : Global Market Shares of ICU Equipment, by Region, 2020
Figure 11 : North American Market for ICU Equipment, by Product Type, 2019-2026
Figure 12 : Total U.S. Population, 65 Years and Over, 2010-2050 (Projected)
Figure 13 : European Market for ICU Equipment, by Product Type, 2019-2026
Figure 14 : Critical Care Beds Available in the U.K., 2010-2019
Figure 15 : Health Expenditures Per Capita for Selected European Countries, 2015-2019
Figure 16 : Asia-Pacific Market for ICU Equipment, by Product Type, 2019-2026
Figure 17 : Asia-Pacific Market for ICU Equipment, by Product Type, 2019-2026
Figure 18 : Global Market Shares of ICU Equipment, by End User, 2020
Figure 19 : North American Market Shares of ICU Equipment, by End User, 2020
Figure 20 : European Market Shares of ICU Equipment, by End User, 2020
Figure 21 : Asia-Pacific Market Shares of ICU Equipment, by End User, 2020
Figure 22 : RoW Market Shares of ICU Equipment, by End User, 2020
Figure 23 : 510(K) Approvals for ICU Equipment, by Product Type January 2018-January 2021
Figure 24 : Impact of COVID-19 on the Global Market for Mechanical Ventilators, 2019-2021
Figure 25 : Impact of COVID-19 on Global Market for Continuous Patient Monitors, 2019-2021
Figure 26 : Impact of COVID-19 on the Global Market for Infusion Pumps, 2019-2021
Figure 27 : Impact of COVID-19 on the Global Market for ICU Beds, 2019-2021
Figure 28 : Baxter: Annual Revenue, 2018-2020
Figure 29 : Baxter: Revenue Share, by Business Unit, 2020
Figure 30 : Baxter's Medication Delivery Segment: Annual Revenue, 2018-2020
Figure 31 : BD Medical: Annual Revenue, 2019-2021
Figure 32 : BD Medical: Revenue Share, by Business Segment, 2021
Figure 33 : BD Medical's Medication Management Solutions Segment: Annual Revenue, 2018-2020
Figure 34 : B. Braun: Annual Revenue, 2018-2020
Figure 35 : B. Braun: Revenue Share, by Business Segment, 2020
Figure 36 : B. Braun Hospital Care: Annual Revenue, 2018-2020
Figure 37 : Cardinal Health: Annual Revenue, 2019-2021
Figure 38 : Cardinal Health: Revenue Share, by Business Segment, 2021
Figure 39 : Cardinal Health's Medical Segment: Annual Revenue, 2019-2021
Figure 40 : Drägerwerk Revenue, 2018-2020
Figure 41 : Drägerwer: Revenue Share, by Business Segment, 2020
Figure 42 : Drägerwerk's Medical Division Revenue, 2018-2020
Figure 43 : Fresenius Kabi: Annual Revenue, 2018-2020
Figure 44 : Fresenius Kabi: Revenue Share, by Business Segment, 2020
Figure 45 : GE Healthcare: Annual Revenue, 2018-2020
Figure 46 : GE Healthcare: Revenue Share, by Segment, 2020
Figure 47 : Getinge AB: Annual Revenue, 2018-2020
Figure 48 : Getinge's Acute Care Therapies Segment Revenue, 2018-2020
Figure 49 : Hill-Rom Holdings Inc.: Annual Revenue, 2018-2020
Figure 50 : Hill-Rom Holdings Inc.: Revenue Share, by Segment, 2020
Figure 51 : Hill-Rom Holdings' Patient Support Systems Segment Revenue, 2018-2020
Figure 52 : ICU Medical Inc.: Annual Revenue, 2018-2020
Figure 53 : ICU Medical Inc.: Revenue Share, by Business Segment, 2020
Figure 54 : ICU Medical's Infusion Systems Segment: Annual Revenue, 2018-2020
Figure 55 : Koninklijke Philips N.V.'s Revenue, 2018-2020
Figure 56 : Koninklijke Philips N.V.: Revenue Share, by Reporting Segment, 2020
Figure 57 : Koninklijke Philips N.V.'s Connected Care Businesses Revenue, 2018-2020
Figure 58 : Medtronic's Revenue, 2019-2021
Figure 59 : Medtronic: Revenue Share, by Reporting Segment, 2021
Figure 60 : Medtronic's Respiratory, Gastrointestinal, & Renal Segment Revenue, 2019-2021
Figure 61 : Nihon Kohden Corp.: Annual Revenue, 2018-2020
Figure 62 : Nihon Kohden Corp.: Revenue Share, by Business Segment, 2020
Figure 63 : Nihon Kohden Corp.'s Patient Monitors Segment Revenue, 2018-2020
Figure 64 : Paramount Bed: Annual Revenue, 2018-2020
Figure 65 : Paramount Bed: Revenue Share, by Product, 2020
Figure 66 : ResMed's Revenue, 2019-2021
Figure 67 : ResMed Inc.: Revenue Share, by Business Segment, 2021
Figure 68 : ResMed's Devices Segment Revenue, 2019-2021
Figure 69 : Spacelabs Healthcare: Annual Revenue, 2019-2021
Figure 70 : Spacelabs Healthcare: Annual Revenue, 2019-2021
Figure 71 : Stryker Corp.: Revenue Share, by Segment, 2020
Figure 72 : Stryker's Medical Segment Revenue, 2018-2020
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